Home > Term: control accounts
control accounts
are general ledger accounts that report totals of details included in subsidiary ledger accounts. For example, Accounts Receivable is a general ledger account with a balance equal to the total of the individual receivables included in the subsidiary accounts receivable ledger.
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: Auditing
- Company: AIS
0
Creator
- worm
- 100% positive feedback